Swan’s impressive budget

The Fairfax media are extracting Wayne Swan’s autobiography. This morning he talks about his relationship with Kevin Rudd – okay, whatever. But this bit jumped out at me.

It was Friday, May 14, 2010, three days after I had delivered the budget, and we were about to embark on the traditional budget roadshow. …

Over the previous couple of weeks, media reports had suggested his leadership was beginning to wobble. Conversely, I had received some praise because, on the whole, the budget had been well received for the impressive fiscal consolidation it set out.

So just to remind ourselves as to how that “impressive fiscal consolidation” worked out I graphed the budget balance from the 2010 Budget Papers and compared them to the actual budget balances reported in the latest Budget Papers.

Forever is not often enough to remind Swan what an incompetent he was, and quite possibly still is.

Waste of time, Swan lives in another universe, doesn’t get it, never did get it, never will get it.
People bashing the LNP sure have short memories, Gillard, Swan, Rudd, Conroy, that Wong chap the list of incompetents just goes on and on.

I have the Swandive to thank for finding The Cat. It was early in his treasureship and he made some ridiculous statement about the economy in an ALPBC interview that I thought sounded dodgy. I only did one year of economics at Latrobe back in the 70s and hated it so I was not particularly good at it. The Cat appeared while I was researching the topic and it was then I realised I actually knew more than Swandive on economics and how much trouble the country was in.

Swan’s mendacious missive masquarading as biography, is further proof that the political class consists predominately of pathological liars. That few (if any) journos will publish this truth, demonstrates the MSM is populated with like odious beings.

He promised over 500 times to bring the budget back into surplus, resulting in an actual deficit of $50 billion, the largest ever.

It’s hard to fully conceptualise how big that is. Consider the Sydney Opera House total cost of $102 million (from Wikipedia) then multiply that cost by 10 to allow for inflation and get to $1 billion in today’s dollars. This includes all the famous cost overruns etc.

The ALP were going into debt at a rate of about one Sydney Opera House per week. Think about that.

Is it even possible that this impenetrably stupid man was ever the nation’s treasurer?

The treasury was run by the pubic servants while Swan, the nominal head, twiddled thumbs, nodded now and then, and gave speeches abusing Gina Rinehart and Clive Palmer for the crime of being successful.

The corporate and mining sectors led a a campaign to rid Australia of the Labor government from the moment it was elected in 2007 because they were angry at the repeal of Work Choices, former federal treasurer Wayne Swan contends

Vested interests and “oligarchs”, led by the miners and the Business Council of Australia, and aided by “disgracefully biased” News Corp Australia newspapers, worked to destroy Labor in power, Mr Swan argues in his new book, The Good Fight, which is published next week.

According to one review of Swandive’s tripe that I read, he blamed the Russian styled oligarch that control Australia’s mining sector, aided and abetted by a deceitful campaign from News Ltd media for the failure of the mining tax.

He is that stupid that he apparently believes this to be true.

This is the calibre of the man that Labor thought was good enough to be Treasurer of Australia. From Keating to Swan. How the Liars Party has fallen and taken Australia along with it.

As I’ve said elsewhere, you have the choice between competent incompetent bastards and incompetent bastards. The only honest man amongst them is Peter Garrett, “once we get in, we’ll just change it all”.

In Wayne’s weird world he was a superhero and a fiscal giant. To the rest of us Wayne was a fiscal pygmy and a nitwit who talked a lot of bullshit with promises that were never going to be met because he did not have a clue. The only one in that Gang of Four who knew what was up and what was down was Lindsay Tanner and he showed what he thought of the other three by resigning. Swan is now trying to rewrite history by telling more lies than he told than when he was Treasurer. What a pathetic lot they were.

As I’ve said elsewhere, you have the choice between competent incompetent bastards and incompetent bastards. The only honest man amongst them is Peter Garrett, “once we get in, we’ll just change it all”.

I wonder if the publisher has given the Australian a copy for review purposes? Standard procedure, but Swan may have vetoed it.

If so, the dick head doesn’t even know how to sell a book. Anyway The Australian will get a free read before it’s released ten minutes after someone has read the pre-release and thrown it on the coffee table.

To be fair to the Goose, having set a budget there is SOME obligation on the other Ministers (notably Finance) to ensure that the departments meet it. And if the Goose was given his job despite being entirely incapable of performing it, what would you say about that Wong chap? What qualifications did he have to be Finance minister?

Also note that the graph would have to be truncated. The official narrative is that the ALP grubiment was cruising along to big surplii until Hockey666 came along and totally fucked the budget by getting us into $400bn of debt.

No need to buy the book, just read a few of the quotes from the AFR and you get the full scope of his delusions.

He accepts the impact the leadership wars had on the government, ­saying they acted in parallel with the campaign waged against Labor by ­business and News Corp, which owns The Australian and Daily Telegraph.

and

“Add to this the vulnerability of being in minority government, the ruthless negativity of the opposition, and a disgracefully biased News Ltd, and it’s easy to see how the whole political debate became increasingly ugly and vicious.

The idiot decides to make company tax cuts by introducing more company tax by what he calls axing business tax concessions.

He says the 2012 budget decision to scrap a planned company tax cut that was supposed to be funded by the ­mining tax was driven by the BCA’s “capitulation” to the mining lobby over the original resources super profits tax. The government then formed the business tax working group which was charged with funding a company tax cut with savings made by axing other business tax concessions.

He now gets riled up because his socialist mind can’t grasp the concept that successfully businesses are not an opportunity for governments to plunder their profits.

“What really riled me, though, was their claim that they should really only have to pay the company tax rate.

Read this and weep. The miners are paying company tax but Swan sees this as ‘handing them our resources for free’.

“Given that corporate tax applies to every company, by saying this the miners were effectively arguing we should hand them our resources for free.”

I’m not going to post any more his drivel here from the AFR, The piece is written by Phillip Coorey without any comment. A must read for all Cats if you want to see into the mind of a fucking madman.

Chris Bowen MP Shadow Treasurer of Australia
Bowen was educated at Smithfield Public School, St Johns Park High School and the University of Sydney, where he graduated with a Bachelor of Economics.
Minister for Immigration and Citizenship In office 14 September 2010 – 4 February 2013
Chris Bowen resigned his ministerial portfolios on 22 March 2013 after he supported an unsuccessful attempt to reinstall Kevin Rudd as Prime Minister.

Goose Flight,hat a great name for a “book”by this Muppet it rings true,he IS a Goose ,and the “book”is a flight of fancy. A Psychiatric course in Living Reality should be compulsory for All politicians ,even those who retired.

Went to Wikipedia to read a bit of background on Mr Swan and read this interesting little piece of information:

In 1996, Swan donated $500–$1400 (amount disputed) to the Australian Democrats campaign manager in his seat of Lilley.[7] At the time speculation surrounded the nature of the donation.[8][9] The matter was referred to the Australian Federal Police, who chose to take no further action.[10][11]

Wonder if mention is made of it in his book? Writing your own history does have its advantages.

My small business ruined by lack of confidence from Labor and their policies.

I could chart the down turn in vehicle sales with the dysfunction of the former govt. when the 50% instant offset tax claim (on new cars) (around 2008/9) further impacted on the second hand market. when the RSPT was announced by Rudd WA punters balked. When Gillard took over from the milky bar kid sales took another turn south.

Carbon tax announcement more puss! Then the Milky bar kid gets the reins again he fucks up the FBT rules and f- over the entire industry again!

Then the Milky bar kid gets the reins again he fucks up the FBT rules and f- over the entire industry again!

YTF is there not more made of that? ALP announces an FBT hike a month before election, knowing the timetable for board decisions in multinationals. A month after the election, (after confirming that both the FBT hike and the energy tax remain part of their platform) the remaining car industry closes and they scream “Abbbbbbbotttttttttttttttttt6666666666666666666!”

Where is the rest of the graph, Sinclair? The overlay of what Abbott promised, and what Abbott delivered. I’m quite looking forward, unusually, to my next power bill.

That is going to be an interesting comparison. To date I have not seen a single price decrease since the carbon price removal. McDonalds, a big electricity consumer, put their prices up. So much for that “great big tax” destroying Australian industry. So far Abbott achievements equal the scheduled closure of an entire industry, automotive, and a rising unemployment level.

So far Abbott achievements equal the scheduled closure of an entire industry, automotive, and a rising unemployment level.

That would be Gillard and Rudd, who put the FWA idiocity in place. When Toyota and their workers wanted to negotiate on their enterprise agreement they weren’t allowed to by Judge Mordy and, apparently, the FWA legislation. By the time Mordy’s decision was successfully appealed it was too late, the announcement had been made.

Same goes for Ford and Holden, who had similar stupid labour force restrictions plus a carbon tax to boot.

The problem with Labor and the unions in this country is they seem not to care that their workers get put out of work because of the predatory behaviour of the union, which kills the companies that employ the workers. Any herdsman knows better than to treat their flock so badly the sheep die.

I can’t argue with that, I really don’t know enough about those issues. I see life from a self employed entrepreneurial perspective, even though I do employ. I am not a fan of redundcy payouts, and am also not a Wayne Swan or Rudd enthusiast. But then Hockey is a know nothing idiot too and Abbott is a compulsive liar who only has a job because he suits Murdoch’s purposes and Maurice Newman as chairman of the ABC gave Abbbott 2 years of an hour a day to brain wash retirees with his endless “toxic tax” chant. We just don’t seem to get a break with Australian politicians. Non of them have the foggiest clue as to how to promote and support and retain business.

the whole point of the labor culture shutting down australias manufacturing industry, was to replace it with a ‘welfare industry’, funded by money borrowed from overseas.

demographic masses recruited into the welfare industry, whether from the ranks of the previously employed, or imported from overseas provide both ‘vote people’ for the left, and good jobs and profits for those ‘servicing’ the welfare industry. [rudd family business grasped a 200 million dollar fortune in a couple decades from crony socialism through the welfare industry. better than mining for the workshy.]

exactly, and how does a dickhead like him get away with just point blank lying to the people for so long? I suppose it is in Labor’s DNA the double helix what ever, the other part that is of course indelible union corruption.

Yes and apparently at the end of FWA hearings the idiots from the union/s actually gave the Toyota people the one figured salute! That little gesture probably did not harm to the future jobs prospects than all economics of the situation. Funny how all these unions officials like to live the high life at the exspense of the obedient union fee paying factory worker.

Yes and apparently at the end of FWA hearings the idiots from the union/s actually gave the Toyota people the one figured salute! That little gesture probably did harm to the future jobs prospects than all economics of the situation. Funny how all these unions officials like to live the high life at the exspense of the obedient union fee paying factory worker. Correction re previous entry.

Went to Wikipedia to read a bit of background on Mr Swan and read this interesting little piece of information:

In 1996, Swan donated $500–$1400 (amount disputed) to the Australian Democrats campaign manager in his seat of Lilley.[7] At the time speculation surrounded the nature of the donation.[8][9] The matter was referred to the Australian Federal Police, who chose to take no further action.[10][11]

Wonder if mention is made of it in his book? Writing your own history does have its advantages.

was that part of a preference deal with the Australian Democrats?

Wayne was also caught up in the Electoral fraud scam that saw some ALP identities go to prison. Our Wayne was investigated, but through innocence or lack of evidence, was never charged.

I often wonder what kind of productive job Wayne Swan could do. No, I do not mean the jobs he has had: a union official/parasite and a taxpayer-funded-leech-like-Labor-creature.

I mean like: Starting a business. Would Swan think? No way, I have no guts, I have no sense of adventure, and besides…..I could lose MY OWN MONEY.

I know: I will hang around in my safe Labor seat and live high-on-the-hog courtesy of the Australian taxpayer, and if the Australian people are dumb enough for vote for Rudd in 2007, I will try to be his mate from Nambour and become the Treasurer of Australia, and do great things with taxpayer’s funds and funds borrowed on their behalf.

And so it came to pass: A bludger from Brisbane who had never created a dollar of value – a dollar of wealth through his own endeavour or enterprise became the Treasurer of Australia. A man who could not run a pie-cart at the football and turn a profit, in charge of hundreds of billions of taxpayer’s funds?

Of course, as anyone with even the most basic mathematical/financial/economic skills would know, this horrible up-start has been responsible (along with his Labor socialist comrades) for destroying all the economic and fiscal gains made during the Howard/Costello years.

And now: Swan writes a book telling us all what a wonderful person he is – what a marvelous Treasurer he was.

And despite the obvious financial quagmire Swan and his fellow Labor Socialist Fools have created, the current Labor Socialist Comrades, led by Shorten and supported by Plibersek, Bowen, Burke and other Socialist wreckers, continue to tell us that all is well – that socialism is just fine.

But as Margaret Thatcher famously, and correctly said: “Socialism is fine, until you run out of other people’s money”.

How many Labor people have ever had any money they could truly call their own?

People who are handed out funds as if from a money-tree : whether Aborigines, welfare recipients, many public sector employees, almost all union officials or any other similar source will never understand the true value of money or the nexus between wealth creation and productivity, and how limited funds derived can best be spent for the better greater good of the nation.

What about the people who scrape the remnants of meat and fat off the hides in a tannery?
And do the still use dog droppings for the tanning like they did in the 1800′s?
The “pure collector” job as it was called was one that Goose could do. He recognised Rudd and worked with him. Same thing really.

Wayne Swan, a decent man clearly out of his depth who believes his own PR and became a legend in his own mind!

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Liberty Quotes

The aim of tax policy is to generate economic growth. A rising tide lifts all boats. I don’t think that, as a general proposition, using tax policy to create fairness or equality works. To take money from the rich, money that they have earned because they have worked hard, is not by itself just, and again, if you take money from the rich beyond a certain point you’re going to create disincentives for wealth creators, and that’s going to have a huge effect on the poor as well.— Peter Wehner